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External Publications by Antoine Halff • December 19, 2016
Asia, the world’s largest oil-importing region, has been uniquely affected by the collapse of oil prices over the last two years. Low prices have been a mixed blessing for the region, carrying significant risk for the future. For example, low prices have stimulated oil demand but not economic growth, with the notable exception of India. The price decline has also slashed investment in future oil-production capacity and increased Asia’s dependence on exports from the Middle East at a time of rising political risk in that region.
In a special report on Asia’s energy security amid global market change, published by the National Bureau of Asian Research, CGEP program director Antoine Halff examines the short and longer term impacts of low oil prices on Asian countries and the risks to energy security. Key policy implications from the article include:
CGEP scholars reflect on some of the standout issues of the day during this year's Climate Week
Each country in the alliance offers distinct strengths.
China’s dependence on the energy supplies that move through the Strait of Hormuz makes it especially vulnerable to any possible closure of the waterway by Iran in retaliation for attacks by Israel and the United States.
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External Publications by Antoine Halff • December 19, 2016